A few days ago, we reported that BD Bacatá, Colombia's tallest skyscraper, has yet to open after a series of delays, and new reports from the local press make it clear that the outlook for its 4,200 investors is not improving.
The developer BD Promotores owes its suppliers an estimated 4 billion Colombian pesos (1.46 million USD) "for finishes and leases." Following a lawsuit filed by three suppliers demanding the payment of 750 million Colombian pesos (273,750 USD) for services rendered, "the only way out after declaring insolvency was the seizure of the trademark" by the Superintendency of Industry and Commerce (SIC), according to a report by local newspaper La República.
Interviewed by Canal 1 (Colombia), Venerando Lámelas, president of BD Promotores, explained that "the company needs a reorganization, [but] this does not affect the project at all. The project is held in a trust, which protects the funds coming in from clients, and these resources go directly to the building."
Under this arrangement, construction would continue. In early April, Lámelas stated that the project would be "100% complete" in December of this year. However, following the insolvency filing, Lámelas commented on La W Radio that BD Bacatá "is only 2 to 3 percent away from completion," even though, according to the radio outlet, "several investors have complained that many floors have not even begun construction."
Funded through an unprecedented real estate crowdfunding model, BD Bacatá is located in downtown Bogotá and features over 115,000 square meters of floor area allocated to 405 apartments, 117 offices, 319 hotel rooms, 6,500 square meters of retail space, and 700 parking spaces.
Via La República, Canal 1, La W Radio.
This article was written by Nicolás Valencia. The translation is powered by AI.
En construcción: BD Bacatá / Alonso & Balaguer
25 Si hace dos meses la construcción en Bogotá del rascacielos (Bogotá Downtown Bacatá) alcanzaba el simbólico piso 58, superando en altura a la histórica torre Colpatria (196 metros, 1979), quien dominó las vistas de la capital colombiana por casi cuatro décadas, hoy en día, el proyecto diseñado por la oficina española Alonso & Balaguer, gestionado por BD Promotores Colombia y construido por Prabyc Ingenieros ya termina la obra gruesa de las dos torres que integran esta obra: mientras la torre sur ya alcanza el piso 67 -el último habitable-, la torre norte toma forma con 28 pisos ya construidos.
